Unemployed grad launches online campaign against Sallie Mae fee
She writes: “But Sallie Mae is preying on people like me and cashing in on the fact that we need more time to find work before we can repay our student loans…. Meanwhile, the interest on my loans keeps growing — meaning that Sallie Mae will cash in …
Read more on Baltimore Sun (blog)
Sorry state economy factor in LCC students defaulting on loans
Now, many of those former students are defaulting on student loans at surprisingly high rates, sometimes within nine months of graduating. Of 439 LCC graduates or dropouts who were supposed to make student loan payments in 2009, 87 — or 20 percent …
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